Council Finances

19-27 Extension of the rates path protection for new councils

New councils formed in 2016 that have opted out of the rates path protection extension will cease to be included under the Ministerial Determination issued for Section 218CB of the Local Government Act 1993. New councils that have decided to extend the rates path protection will be included under provisions of the Ministerial Determination to 2021. New councils formed in 2016 will be eligible to apply for a Special Variation or Minimum Rate Variation, regardless of whether they have opted out of the rates path protection extension.

19-22 – Government response to IPART’s review of local government election costs

On 30 August 2019, the Independent Pricing and Regulatory Tribunal (IPART) provided its final report of its review of local government election costs to the Minister for Local Government. IPART’s final report is available here. On 18 September 2019, the Government released its response to IPART’s final report and announced that it intended to fund the NSW Electoral Commission’s (the Commission) core costs in relation to the administration of local government elections, thereby reducing councils’ election costs. The Government response to IPART’s final report is available here. Councils must make a decision on the administration of their elections by 1 October 2019, or soon thereafter, and must enter into any arrangement with the NSW Electoral Commissioner (the Commissioner) to administer their elections no later than 1 January 2020.

19-21 – Release of IPC Guideline 1 Returns of Interests

The Information and Privacy Commission (IPC) has finalised and issued Guideline 1: For local councils on the disclosure of information contained in the returns disclosing the interests of councillors and designated persons (Guideline 1). Councils should review the positions they currently identify as designated persons in light of Guideline 1 by applying the principles set out in the attachment to this circular.

19-16 New Property Acquisition Standards to apply immediately to all acquiring authorities in New South Wales, including all general purpose and county councils

The Department of Finance, Services and Innovation (DFSI) has produced revised Property Acquisition Standards, that apply to all acquiring authorities in NSW, including General Purpose and County Councils.

19-15 End of Year Financial Reporting 2018-19

End of year financial reporting information has been updated for 2018-19. Councils need to review the attached end of year financial reporting information and apply it when completing the Financial Statements and Financial Data Return (FDR).

19-12 Consultation by IPART on recommended reforms to local government election costs and extension of the deadline for councils to make a decision on the administration of their elections

The Government has asked the Independent Pricing and Regulatory Tribunal (IPART) to review the costs of conducting local government elections in NSW. IPART is now seeking feedback on its recommended changes to what councils pay for election services provided by the NSW Electoral Commission (NSWEC).

Grants Commission Circular- GC – 148 – 2019-20 Financial Assistance Grants (FAGs) – advance payment and on-going transition to implement improvements to the existing allocation model

The Deputy Prime Minister, Minister for Infrastructure, Transport and Regional Development, the Hon Michael McCormack MP has advised that the Australian Government will again bring forward the first two instalments of the estimated 2019-20 FAGs.

19-09 Increase to companion animal registration fees in line with CPI

From 1 July 2019 cat and dog lifetime registration fees will increase in line with the Consumer Price Index as required by the Companion Animals Regulation 2018 and outlined in Circular to Councils 13-54.

18-39 – Debt Management and Hardship Guidelines

The Office of Local Government has issued new Guidelines to ensure best practice debt management and hardship practices in all NSW councils.

18-33 – OLG Financial Reporting Workshops 2018-19

The Office of Local Government (OLG) is conducting a series of workshops commencing November 2018 and concluding May 2019 on impending Accounting Standards and the auditing of financial statements. A range of council revenue and lease contracts will be reviewed to enable councils to gain an understanding of the issues to consider in determining the impact of the new standards.